Regional Trade Agreements for Mercosur: a Comparison Between the FTAA and the FTA with the European Union

Josefina Monteagudo and Masakazu Watanuki

Economie Internationale, 2003, issue 94-95, 53-76

Abstract: This paper analyzes the impact on Mercosur of a free trade area in the Americas (FTAA) and a free trade area with the EU. The results show that trade liberalization generates substantial economic gains for Mercosur, although the FTAA option is slightly inferior to that of the FTA with the EU. Hemispheric integration stimulates export specialization in manufacturing industries relative to primary sector industries.

Keywords: CGE Models; Trade Related Externalities; Regional Integration; Scale Economies (search for similar items in EconPapers)
JEL-codes: C68 F13 F15 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiei:2003-2q-3qc

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